SEO News
Search

24/7 Real Media Sees Strong Q3

newcomb-kevin
by , Comments

24/7 Real Media reported its Q3 results today. Revenue was up, which was attributed to signing more customers to its SEM managed services offering. The company still reported a loss, since that same offering is not a high-margin business, and because margins across the industry were shrinking due to increased competition, according to the company.

Some highlights:
* GAAP net loss of $0.8 million, or $0.02 per share, compared with net loss of $1.7 million, or $0.04 per share, for the third quarter of 2004.
* Revenue up 69 percent year to year to $35.1 million for the quarter, including
* Media revenue up 29 percent to $15.5 million
* Search revenue up 234 percent to $13.7 million
* Technology revenue up 26 percent to $5.8 million

The company also touted its recent joint venture in Japan with Dentsu -- KK 24-7 Search. That business, which 24/7 owns a 51 percent share in, will use 24/7 Real Media's SEM technology and Dentsu's local presence and existing client base to gain a foothold in the growing Japanes SEM market.


SES LondonOptimising Digital Marketing Campaigns with Search, Social and Analytics
At SES London (9-11 Feb) you'll get an overview of the latest tools, tips, and tactics in Paid, Owned, Earned, Integrated Media and Business Intelligence to streamline your marketing campaigns in 2015. Register by 31 October to take advantage of Early Bird Rates.

Recommend this story

comments powered by Disqus